Omaha daily bee., 1887-04-29
WHEAT GOES STILL LOWER.
The Difference Between the Price Of May
and June Widens.
NO NEW CLIQUE DEVELOPMENT
Considerable Activity in Corn Mt Dc
preciatcd Prices - Oats Largely
Traded ln-More Strength in
Provisions-Quotatio
CHICAGO PRODUCE MARKET.

CHICAGO, April ys.-TSpeclal Telegram to
the BEE. May wheat settled some more to-
day and the difference between May and
June widened. June ia not yet quoted at its
natural premium of 2@2l sc above May, but
1t ranged 1l4ml56c higher than May and tie
two months were ll1c apart at o'clock.
Trading was on moderate scale and the
feeling was nervous. 1t is an open secret
that no very large amount of clique money
has been brought to the city yet to take care
of May wheat and the information is now
common property that the local banks have
been unwilling to meet the demands for
money to carry grain that have been made
upon them within many millions of dollars
This is The news the local speculative leaders
were "Onto" several days ago and the break
found them "loaded for bulls.' When the
price got down low enough to let them out
with a small profit or without loss,
they FASTENED to close up their long standing
open trades in May and get into later
months. On the break yesterday several
heavy lines of Chicago and New York wheat
were cornered, and commission houses act
ing for country customers bought extensively
to fill outstanding contracts. May wheat
opened at sl56c. eased off slightly, sold back
to slsIc, down again to Sic, back to S1s56
size, and at o'clock rested at Size. The
FLUCTUATIONS III June were oSisc NJ tHe OUeu-
ing up to s2Js6s3c, down to s!11ac, up to sac,
and back to S22sc, which was the o'clock
quotation. The range in July was &c. One
o'clock quotations showed a decline from
IN July. Corn was far. from being dull but
the market continued heavy and
prices showed further depreciation
Of 94c all around IN futures;
the session and the fluctuations were within
al insigniicantly narrow range, nine-tenths
of the business passing in May corn being
being at s7e ana Ic Ih9 6oPenIns g
or at 37slc for May, and from 87}1sc there was
Z q drop late in the day to 375sc, that being the
Sd closing price at ! O'clock; June resting at
ssi p4ses qy saS fuorss Sss wefs
fully as much lower as noted in corn, a sc
decline being scored up to l O'Clock. May
and June were active months, n. 5. Jones
selling fairly of the latter toward the close.
done also. May dropped from 2714c at the
opening to &c, and June from 2sSsc to 2s1Sc.
The o'clock closings were: May,
sse S June, %Dril "S%ss'j %ss &c '%lyd aHder s Ssys
and cash oats in store ruled dull and
nominal. In the provision market there was
more than ordinary activity. The stir and
repeated, yet In speculative lines-short ribs
and lard-there was a good, steady move
ment and also considerable interest from
uISt 10 IaSt. TOTk however, was as uull rs
at any time during the past two weeks. A
few, trades in May pork we're changed over
to June at S2l.00, but for May and June the
general quotation was $40. 75(e2l. 90. In both
lard and short ribs the feeling showed in
creased strength, and in lard particularly
the tendency was rather sharply upward.
This article rested at / o'clock at
closings. Short ribs opened at de-
cline of sc, ruled stronger though irreg:.
ular rs the day progressed, and closed
at an actual Improvement of 211@5c: IN lard
and short ribs trading consisted largely in
product was slow. though brokers as a rule
reported an increase in their ORDERS Sales
OF l6 Id sweet picked hams were made at
10S91Ossc, and Of cash lard at May prices.
On the afternoon board wheat was quiet
and sleepy. May sold at Sl@Slllc, closing at
SlG8sl1 &c; June sold at S25ss(Gs2slc, closing at
$3.50; July sold at s.1sc., and s2s4dS2Jsc.
Corn was weaker. May sold at 37S@37ss4c
then to 371l@379sc on the split, closing at
that; june sold at 391S939Ac; closing. at
891s(G39l4c; July sold at 39ss@4lc early, clos
Ing at 4eN@4OLc. Pork was nominal at
$40. 5O@20.7 Is for April, and S2O7592l.0O for
Nav ard Wo afandv